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Home > Business

Samsung Chairman Lee Returns from Europe: Deepening Strategic Ties in EV Batteries and Semiconductors

KO YONG-CHUL Reporter / Updated : 2026-03-13 16:33:14
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SEOUL — Samsung Electronics Executive Chairman Lee Jae-yong returned to South Korea on Friday, March 13, 2026, following a high-stakes business trip to Europe. The visit, which focused on solidifying partnerships with major German automakers, signals a significant expansion of Samsung’s management focus from its traditional semiconductor stronghold into the rapidly evolving electric vehicle (EV) battery sector.

Chairman Lee arrived at the Seoul Gimpo Business Aviation Center (SGBAC) in Gangseo-gu at approximately 12:45 PM. When asked by reporters whether he had met with key clients during his stay in Europe, Lee briefly responded with a firm "Yes" before departing the terminal.

A Unified Front: Samsung SDI Joins the Fray
Notably, Choi Joo-sun, President and CEO of Samsung SDI, accompanied Chairman Lee throughout the trip. This joint appearance underscores Samsung’s integrated approach to the automotive industry, where the lines between hardware, software, and energy storage are increasingly blurred.

Upon arrival, President Choi confirmed the nature of the trip, stating, "We have returned from Europe where we met with several clients, including Mercedes-Benz." While he remained cautious regarding the specifics of new contracts, adding only that the company would "continue to work hard," industry insiders suggest that the discussions were focused on long-term supply agreements for next-generation battery technology.

Strengthening the European Automotive Alliance
Samsung SDI already maintains a robust presence in Europe, counting automotive giants such as BMW and Volkswagen among its primary customers. However, the focus of this trip was reportedly on finalizing or expanding the supply chain with Mercedes-Benz.

This visit follows a previous high-level meeting in November 2023, when Mercedes-Benz Chairman Ola Källenius visited Seoul to discuss automotive electronics (automotive tech) with Chairman Lee. Analysts believe the recent European mission was designed to bridge the gap between initial discussions and concrete supply deals for Samsung SDI’s prismatic or high-nickel battery cells, which are highly sought after for premium European EVs.

The "All-Round" Leader: From Batteries to AI Chips
The Chairman’s schedule shows no signs of slowing down. Beyond the automotive sector, Lee is concurrently spearheading Samsung’s semiconductor strategy to reclaim dominance in the AI-driven market.

Industry sources indicate that Lee may meet with Lisa Su, CEO of AMD, who is scheduled to visit South Korea on March 18. The meeting is expected to revolve around the supply of High Bandwidth Memory (HBM), a critical component for AI accelerators. As AMD seeks to expand its share in the AI GPU market, securing a stable supply of Samsung’s latest HBM3E or HBM4 chips is seen as a top priority for both firms.

Analysis: A Shift in Samsung’s Management Paradigm
Lee’s recent movements reflect a broader shift in Samsung’s "New Samsung" vision. By personally overseeing negotiations for both batteries and semiconductors, Lee is positioning the conglomerate as a "one-stop-shop" for the future of mobility and artificial intelligence.

"Chairman Lee is no longer just supervising the electronics division; he is acting as the ultimate deal-maker for the entire Samsung ecosystem," said an industry analyst. "By securing ties with German automakers and American chip designers in the same week, he is ensuring that Samsung remains indispensable in the global supply chain."
As competition from Chinese battery manufacturers intensifies and the semiconductor rivalry with SK Hynix and TSMC reaches a fever pitch, Lee’s "on-the-ground" diplomacy is seen as a vital effort to maintain South Korea's competitive edge on the world stage.

[Copyright (c) Global Economic Times. All Rights Reserved.]

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